Investing in The Real Estate Book or print media is not an idea for the future. I did, I worked hard I put my savings into it. I distributed the books, did my own production, my own graphic's my own selling and book keeping, and made the same amount of money as a Wallmart greeter. I have no one to blame but myself. I did the homework due diligence only to find out I invested in a company which the curve was on the downside. Yes this is the print business. If you live near an urban area and have taken a subway or bus both carrying approximately 60 passengers each you will notice 57 have there heads down not in print but Kindles, tablets and smart phones, everything they need at an arms length. So that should be your first red flag few newspapers. The second red flag should be CEO's like Mr Dixon should have taken head to The Block Buster chain for those young enough to remember which was not to long ago, were in every town imaginable. Along came netflix and blind sided them. You will never get Mr Dixon to concede that few people are spending 5.00 for the Sunday times the size of a brief case and shelp it home. Both the CEOs of both companies should have seen the digital media in there rear view mirror. Old school and old excutives. Reminds me of Barney Frank and Christopher Dowd who got blindsided and put the housing industry in a spiral. What on gods earth were they doing all those years to not see this coming ? Thank you Block Buster Thank you Real Estate Book. When you are interested in a territory ask them what happended to the dealer who owned the area ? They will give you the same answers to someone selling an ailing business. They have retired, they ran it absentee, they have relocated, they are divorced, he or she never really worked that hard. While some of these lame excuses may be true most of them are not. These dealers walked away in dept or simply gave the book back. These are very sharp sales people they will tell you what you want to hear. Here is something else you might want to consider. You are saying to yourself this business is relitively cheap to get into oppose to a brick and morter store, hey! a laptop a cell phone, an office at home and a tank of gas. 10 to 12k I'm in the door, I have my own business, that is what they will tell you which is basically true. One thing they leave out is the cost of printing 20 to 24 thousand books a month and if your not selling pages at 400 450 ( which in the day was close to 500 600 dollars prior to the internet ) a page you will still have to come up with that check every month or you have breach your contract and will be liable. Try selling pages to brokers from the end of November to January plus July and August, this is when home owners dont move. Still interested in the print business ? Go to a private printer that could produce the exact same book where you have the option to control the amount of books being printed during the slow months. One more advantage you could sell pages for 20 to 25% less and under cut The Real Estate Book and not have to pay executives at New Media Point 6 figure salaries plus bonuse's Even at that I would not recommend anyone to invest in New Media Point. Hope this was helpfull.
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